511 Armstrong StMorrisIL60450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Morris at 511 Armstrong St, Morris, IL, 60450 priced at $310,000 pairs $2,160/mo rent with $10/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $121/yr on $102,765 invested. Return on cash invested is 20.03% in year one, and rental yield stands at 8.36% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 104.51% and total cumulative return in cash reaches $107,395. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60450, Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,423 (100%) |
| Owner Occupied HU | 6,109 (64.8%) |
| Renter Occupied HU | 2,787 (29.6%) |
| Vacant Housing Units | 527 ( 5.6%) |
| Median Home Value | $303,781 |
| Average Home Value | $338,448 |
Housing Distribution
Address Breakdown
Residential
8,789
Single Family
7,660
Multi-Family
1,129
Businesses
890
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